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Page 23 - ... costs for selected years from 1977 to 1988. The results of that analysis show that elderly out-of-pocket costs have risen from 12.3 percent of elderly income in 1977 to 18.2 percent of income in 1988. (See Figure 3.1 and Table 3.1) The 1988 level is also substantially higher than the 15 percent level in 1966, the year the Medicare and Medicaid programs began.
Page 28 - A similar pattern holds for the Medicare Part B premium as compared to Social Security payments. (See Figure 3.5) In 1977, the annual Part B premium was $92, substantially less than one-half of the monthly Social Security payment for 1977. By 1988, the annual Part B premium had risen to $298, substantially more than onehalf of the monthly Social Security payment.
Page 9 - ... increases in the Medicare Part B premium have been erratic. In 1983 and 1986, the premium did not increase at all. On the other hand, the premium increased by over 10 percent each year for 1980, 1981, 1982, 1984, 1987, 1988, and 1989. The highest increase was for 1988 when the premium increased by 38.5 percent.